Global Charge Card Market Size Study, by Type, by Issuer, by End User and Regional Forecasts 2022-2032

PUBLISHED: July 28, 2024

PAGES: 200 Pages

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Description

Global Charge Card Market was valued at approximately USD 2.45 billion in 2023 and is anticipated to experience a robust growth of compound annual growth rate (CAGR) of 11.46% over the forecast period from 2024-2032. Charge cards offer significant advantages, including access to a revolving line of credit without incurring interest charges if paid in full each month. These cards not only encourage financial discipline but also help users avoid the pitfalls of accumulating debt, and often come with added perks such as travel rewards, cashback incentives, and extended warranties.

The Global Charge Card Market is driven by surge in the adoption of digital payment methods is a key driver propelling the growth of the market. The convenience and efficiency offered by digital payments, facilitated through smartphones and online platforms, have revolutionized financial transactions, negating the need for physical cash or checks. Charge cards, with their flexible credit lines that require full monthly payments, have seamlessly integrated with digital wallets and contactless payment systems, drawing consumers with their simplicity and rewards such as cashback or travel points. Additionally, the allure of attractive reward programs has significantly contributed to the growth and popularity of charge cards. These programs provide compelling incentives for cardholders to use their charge cards for daily transactions and larger purchases, thereby earning points, miles, or cashback rewards, making their spending feel more beneficial. Moreover, the growing innovation in charge card offerings is opening up exciting opportunities. Charge card providers are continually evolving their services to meet the changing needs of consumers and businesses, introducing enhanced rewards programs, flexible payment options, and advanced security features. However, limited acceptance compared to credit cards is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Charge Card Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America held the largest market share owing to rising adoption of digital payment technologies and mobile apps has significantly enhanced the user experience for charge cardholders in this region. Features such as digital wallets, real-time spending alerts, and mobile payment options make charge cards more attractive in the region. Furthermore, the Asia-Pacific region is forecasted to be the fastest-growing segment in the charge card market. This growth is attributed to the rise of fintech companies and startups in the region, which have introduced innovative payment solutions, including digital wallets and peer-to-peer lending platforms, thereby increasing the overall awareness and acceptance of electronic payments, including charge cards.

Major market player included in this report are:

Discover Bank
JCB Co., Ltd
Bank Of America Corporation
Citigroup Inc.
Wells Fargo & Company
Barclaycard
The Hongkong and Shanghai Banking Corporation Limited
Mastercard
American Express Company
Diners Club International Ltd

The detailed segments and sub-segment of the market are explained below:

By Type:

General Purpose Charge Card
Retail Charge Card
Travel Charge Card
Business Charge Card
Others

By Issuer:

Banks
NBFCs

By End User:

Individuals
Corporate
Government

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Charge Card Market Executive Summary

1.1. Global Charge Card Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Issuer
- 1.3.3. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Charge Card Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Charge Card Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing adoption of digital payment methods
- 3.1.2. Attractive reward programs
3.2. Market Challenges
- 3.2.1. Limited acceptance compared to credit cards
- 3.2.2. Requirement to pay balances in full each month
3.3. Market Opportunities
- 3.3.1. Growing innovation in charge card offerings
- 3.3.2. Rise of fintech companies and startups

Chapter 4. Global Charge Card Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Charge Card Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Charge Card Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. General Purpose Charge Card
- 5.2.2. Retail Charge Card
- 5.2.3. Travel Charge Card
- 5.2.4. Business Charge Card
- 5.2.5. Others

Chapter 6. Global Charge Card Market Size & Forecasts by Issuer 2022-2032

6.1. Segment Dashboard
6.2. Global Charge Card Market: Issuer Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Banks
- 6.2.2. NBFCs

Chapter 7. Global Charge Card Market Size & Forecasts by End User 2022-2032

7.1. Segment Dashboard
7.2. Global Charge Card Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Individuals
- 7.2.2. Corporate
- 7.2.3. Government

Chapter 8. Global Charge Card Market Size & Forecasts by Region 2022-2032

8.1. North America Charge Card Market
- 8.1.1. U.S. Charge Card Market
  - 8.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Issuer breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Charge Card Market
8.2. Europe Charge Card Market
- 8.2.1. U.K. Charge Card Market
- 8.2.2. Germany Charge Card Market
- 8.2.3. France Charge Card Market
- 8.2.4. Spain Charge Card Market
- 8.2.5. Italy Charge Card Market
- 8.2.6. Rest of Europe Charge Card Market
8.3. Asia-Pacific Charge Card Market
- 8.3.1. China Charge Card Market
- 8.3.2. India Charge Card Market
- 8.3.3. Japan Charge Card Market
- 8.3.4. Australia Charge Card Market
- 8.3.5. South Korea Charge Card Market
- 8.3.6. Rest of Asia Pacific Charge Card Market
8.4. Latin America Charge Card Market
- 8.4.1. Brazil Charge Card Market
- 8.4.2. Mexico Charge Card Market
- 8.4.3. Rest of Latin America Charge Card Market
8.5. Middle East & Africa Charge Card Market
- 8.5.1. Saudi Arabia Charge Card Market
- 8.5.2. South Africa Charge Card Market
- 8.5.3. Rest of Middle East & Africa Charge Card Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Discover Bank
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. JCB Co., Ltd
- 9.3.3. Bank Of America Corporation
- 9.3.4. Citigroup Inc.
- 9.3.5. Wells Fargo & Company
- 9.3.6. Barclaycard
- 9.3.7. The Hongkong and Shanghai Banking Corporation Limited
- 9.3.8. Mastercard
- 9.3.9. American Express Company
- 9.3.10. Diners Club International Ltd

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes